IVEY MECHANICAL COMPANY, LLC 401(K) PLAN

At the end of 2022, the total retirement plan assets of IVEY MECHANICAL COMPANY, LLC 401(K) PLAN is $47,981,821.This plan was established in 2003.

At the end of 2022, the total number of retirement plan participants in IVEY MECHANICAL COMPANY, LLC 401(K) PLAN is 1122

In 2022, the average participant retirement account value for IVEY MECHANICAL COMPANY, LLC 401(K) PLAN is $42,764

In 2022, the estimated average employee contribution amount per participant for IVEY MECHANICAL COMPANY, LLC 401(K) PLAN is $1,964

In 2022, the estimated average employer match for an employee in IVEY MECHANICAL COMPANY, LLC 401(K) PLAN is approximately $848

In 2022, IVEY MECHANICAL COMPANY, LLC 401(K) PLAN allocates $951,625 to match its employees’ contributions, providing an employer match rate of 41.07% of their contributions

In 2022, the total retirement plan asset growth rate of IVEY MECHANICAL COMPANY, LLC 401(K) PLAN is 0.00%

In 2022, the estimated aggregate retirement account investment gain/loss for IVEY MECHANICAL COMPANY, LLC 401(K) PLAN is 16.35%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IVEY MECHANICAL COMPANY, LLC 401(K) PLAN is 2.02%.

Enrollment Features

IVEY MECHANICAL COMPANY, LLC 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.